This property looks like a bad Mid-Term investment with a projected -12% first-year return on $121k initial cash invested.
-12%
Cash On Cash
3.65%
Cap Rate
0.58
DSCR
$2,786
Rent
-$1,209
Cashflow
Cash Flow
$2,786 income − $3,995 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,995
Mortgage P&I
93%
$2,590
Property Taxes
9%
$242
Home Insurance
6%
$175
HOA
2%
$42
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306